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Coinbase brings USDC trading to 50 new countries

San Francisco-based cryptocurrency exchange, Coinbase has announced that their stablecoin, USD Coin (USDC) is available for trading in 85 countries and has launched crypto-to-crypto trading in 50 new ones. The exchange now offers services in 103 countries.
Coinbase brings USDC trading to 50 new countries
Coinbase has been hard at work expanding its global footprint. In fact, late last month Coinbase expanded into Latin America and Southeast Asia, adding their services to 11 new countries. The exchange is now focusing on expanding USDC trading. Coinbase is hoping that USDC, being much more stable than traditional cryptocurrencies, will appeal to new investors looking to try their hand at the crypto market.
“We’re welcoming more people around the world to trade between different cryptocurrencies on a trusted platform. This helps accelerate the global adoption of crypto trading, and with USDC, enables access to a stable store of value,” the blog post reads.
The exchange goes on to say that stablecoins like USDC provide an advantage for customers living in Argentina and Uzbekistan, where consumers are at the mercy of high inflation rates. To make stablecoins more available for daily use in countries like these, Coinbase states it will increase its USDC circulation, which is currently at over 300 million USDC.
In other Coinbase news, the exchange has just enabled XRP trading for customers living in New York, allowing buying, selling, converting, sending, receiving and storing of XRP on Coinbase. A move that many New York residents have been long awaiting.


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